Red River Charter Academy

Analysis

Red River Charter Academy is a registered charity in United States, based in Mansura, LA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Red River Charter Academy reported income of $2.1m and spending of $2.8m, spending 132% of what it took in. Across the 4 years on record, from July 2021 to July 2024, income fell from $2.8m to $2.1m (-24%), an average of -8.7% a year. The sharpest change came in the year to July 2023, when income rose by 37%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Red River Charter Academy sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within LA. Charities of a similar size with the same main cause include Tennessee Independent Colleges and Universities ($2.1m), Tallahassee State College Foundation Inc ($2.2m) and Banner Northlake Therapeutic Inc ($2.1m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 36% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $106k (3.7% of expenses). Other salaries and wages came to $991k. At year end it held assets of $959k against liabilities of $203k, net assets of $755k. It reported 60 employees.